#BTC If the 78258 level is held and closed above 84882 on the 4-hour chart, it may continue to pump towards 89000.
In pump, the blue downward resistance will come into play. As long as the decline is not broken, pump is the reaction to the decline. If the closing price closes below 78258, we will focus on the support area of 73528-71237. We will look for supported candles, RSI divergences, and reversal patterns and other reversal signals. If confirmed, it may pump again.
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#BTC If the 78258 level is held and closed above 84882 on the 4-hour chart, it may continue to pump towards 89000.
In pump, the blue downward resistance will come into play. As long as the decline is not broken, pump is the reaction to the decline.
If the closing price closes below 78258, we will focus on the support area of 73528-71237.
We will look for supported candles, RSI divergences, and reversal patterns and other reversal signals. If confirmed, it may pump again.